1-Day Post-Reporting Performance vs. S&P 500 on EPS and Sales Surprise So far, the worst reactions for beats in history. The peak of the dotcom bubble saw similar reactions. Image: BofA US Equity & Quant Strategy
Citi U.S. Economic Surprise Index vs. 10-Year U.S. Treasury Yield Chart suggesting that the 10-year U.S. Treasury yield could rise by the end of this year. Image: Morgan Stanley Research
U.S. Economic Surprise Index vs. 60 Day Change in 10-Year U.S. Treasury Yields Morgan Stanley expects higher U.S. rates later this year, as the recovery could surprise on the upside. Image: Morgan Stanley Research
Citi U.S. Economic Surprise Index vs. S&P 500 12-Month Earnings Surprise Chart suggesting that second quarter earnings could surprise to the upside. Image: Morgan Stanley Research
U.S. IG Credit Spread and S&P 500 vs. Citi U.S. Economic Surprise Index Chart suggesting that since mid-May, the rally has been driven by positive macroeconomic factors. Image: BofA Global Research
Citi Economic Surprise Index and 10-Year Treasury Note Yield Are bonds risky? The Citi Economic Surprise Index suggests that bond yields could rise. Image: Renaissance Macro Research
Citi Economic Surprise Index and S&P 500 This chart highlights the current divergence between the Citi Economic Surprise Index and the S&P 500. Image: BofA Global Research
Citi Economic Surprise Index The Citi Economic Surprise Index for the US has turned sharply lower and highlights the economic impacts of the coronavirus pandemic. Image: The Daily Shot – The Wall Street Journal
Citi Economic Surprise Indexes Most US economic data is coming in ahead of expectations. Image: Gavekal, Macrobond
Correlation – Euro Equities and Economic Surprise The correlation between euro equities and economic surprise has diverged recently. Image: Oxford Economics